Brief: Bittium Estimates EUR 6.0 Mln In Annual Savings In 2024

Bittium Oyj

20/10/2023 06:38

Oct 20 (Reuters) - Bittium Oyj  BITTI.HE :
    * IMPACT OF COMPONENT SHORTAGE ON OUR PRODUCT DELIVERIES IS
REDUCING
    * WE WILL CONTINUE TO TAKE MEASURES TO ENSURE AVAILABILITY
OF
COMPONENTS
    * WITH DISMISSALS, LAYOFFS, OTHER COST-SAVING MEASURES,
ESTIMATE
THAT WE WILL ACHIEVE TOTAL OF ABOUT EUR 6.0 MILLION IN ANNUAL
SAVINGS
    * IN FULL, ANNUAL COST SAVINGS ARE ESTIMATED TO BE ACHIEVED
DURING
YEAR 2024
    * WILL RECORD NON-RECURRING COSTS RESULTING FROM CHANGES
TOTAL OF
EUR 0.7 MILLION IN INCOME STATEMENT FOR Q4 OF CURRENT YEAR
    * FINANCIAL OUTLOOK 2023 UNCHANGED
    * MARKETS RECOVERING, AND CO ESTIMATES THAT COMPONENT
SHORTAGE
WILL EASE DURING 2023

Source text for Eikon:  ID:nWkrbzsf15 
Further company coverage:  BITTI.HE 

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